AFL project to find out qty to compensate for the loss of previous trades

2020.06.28 Experts

Specification

Objective : to level the quantity required to compensate for the loss of previous trades evenly

initialqty=iqty=10;
profittarget=pt=.1;
stoploss==sl.1;
brokerage=.01;
profitmargin=pt-brokerage;
lossmargin=sl+brokerage;
lotsize=1000;

if trade hits stoploss
loss count should be incremented
loss should be calcualted and added to previous total loss to get the new total loss
find out the total qty required to compensate for loss.
then devide this by loss count.

totalloss=last value(loss)+(last value(qty)*lot size * loss margin)

newqty = iqty+(total loss/(profit margin*10000*loss count))

qty=newqty; this qty should be same until the loss count value becomes zero

if trade is open till 14:45
consider selling or covering the trade with the close value of last candle or open value the running candle
loss should be calcualted and added to previous total loss to get the new total loss
find out the total qty required to compensate for loss.
then devide this by loss count.
(here we are not changing the loss or profit count)

if trade hits profit while loss count >0
loss count should be decremented by 1 until loss count is equal to zero
profit count should be incremented by 1
total loss = lastvalue(total loss) - profit of the last trade

if loss count increases before reaching zero, recalculate the total loss and the new qty to compnesate.
total loss = lastvalue(total loss) - loss of the last trade

new qty = iqty+(total loss/(profit margin*10000*loss count))

when loss count reaches zero
reset below variables
total loss = 0
profit count =0
qty = iqty

profit count should be zero even if a trade hits profit unless loss count > 0

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Developer 1
2020.06.28
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Developer 2
2020.06.28
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Working

Project information

Budget
40+ USD
VAT (21%): 8.4 USD
Total: 48.4 USD
For the developer
36 USD
Deadlines
from 1 to 5 day(s)

Customer

Placed orders2
Arbitrage count0